How much did US private companies raise in April 2026?
843 companies reported raises totalling $20.4bn on SEC Form D in April 2026. Other was the largest sector at $12.7bn, and IL the largest state at $11bn. Amounts are as reported by the issuers; pooled funds are excluded.
Which industries raised the most?
Other led with $12.7bn across 212 raises. Industries follow the SEC's own groups, folded into 7 buckets.
| Industry | Raises | Total | Share |
|---|---|---|---|
| Other | 212 | $12.7bn | 62% |
| Technology | 248 | $3.9bn | 19% |
| Real estate | 137 | $1.1bn | 6% |
| Finance | 57 | $916m | 4% |
| Health | 98 | $810m | 4% |
| Energy | 23 | $661m | 3% |
| Consumer & industrial | 68 | $230m | 1% |
What were the largest raises?
The 25 largest filings of the month, with the issuer's own SEC record linked where the filing index is known.
| Company | Where | Industry | Date | Amount |
|---|---|---|---|---|
| Madison Air Solutions Corp | Chicago, IL | Other | 15 Apr 2026 | $10.9bn |
| Kalshi Inc. | New York, NY | Technology | 3 Apr 2026 | $1.1bn |
| Impulse Space, Inc. | Redondo Beach, CA | Other | 8 Apr 2026 | $500m |
| SharonAI Holdings Inc. | New York, NY | Technology | 26 Apr 2026 | $350m |
| WaterCo Industries, LLC | Greenwich, CT | Real estate | 2 Apr 2026 | $328m |
| Cowboy Space Corp | San Carlos, CA | Technology | 20 Apr 2026 | $305m |
| CORGI INSURANCE SERVICES, INC. | San Francisco, CA | Finance | 6 Apr 2026 | $266m |
| QXO, Inc. | Greenwich, CT | Real estate | 1 Apr 2026 | $254m |
| Modal Labs, Inc. | New York, NY | Technology | 14 Apr 2026 | $205m |
| Blue Energy Global Inc. | Chevy Chase, MD | Energy | 17 Apr 2026 | $177m |
| Apex Technology, Inc. | Los Angeles, CA | Other | 10 Apr 2026 | $157m |
| Virtus Power Holdings, LLC | New York, NY | Energy | 3 Apr 2026 | $150m |
| Vireo Growth Inc. | Minneapolis, MN | Other | 8 Apr 2026 | $128m |
| GMT Exploration Co LLC | Denver, CO | Energy | 23 Apr 2026 | $114m |
| Climb Bio, Inc. | Wellesley Hills, MA | Health | 29 Apr 2026 | $110m |
| Sniffies Holdings, Inc. | Brooklyn, NY | Other | 23 Apr 2026 | $100m |
| CIG DS1 Procurement LLC | Windermere, FL | Energy | 21 Apr 2026 | $100m |
| Zum Services, Inc. | Redwood City, CA | Technology | 15 Apr 2026 | $100m |
| Databento Inc. | Salt Lake City, UT | Technology | 29 Apr 2026 | $97m |
| NLC Financial Service HQ DST | Nashua, NH | Real estate | 8 Apr 2026 | $92.2m |
| Business First Bancshares, Inc. | Baton Rouge, LA | Finance | 2 Apr 2026 | $85m |
| BayFirst Financial Corp. | St Petersburg, FL | Finance | 28 Apr 2026 | $80m |
| nEye Systems, Inc. | Santa Clara, CA | Technology | 1 Apr 2026 | $80m |
| Fabric.AI, Inc. | New York, NY | Other | 27 Apr 2026 | $73.1m |
| Aria Networks, Inc. | Palo Alto, CA | Technology | 6 Apr 2026 | $73m |
Which states raised the most?
IL led with $11bn across 32 raises.
| State | Raises | Total |
|---|---|---|
| IL | 32 | $11bn |
| NY | 101 | $2.8bn |
| CA | 133 | $2.4bn |
| CT | 5 | $583m |
| MA | 41 | $502m |
| FL | 52 | $470m |
| TX | 76 | $468m |
| MN | 19 | $254m |
| MD | 13 | $211m |
| CO | 21 | $192m |
| VA | 21 | $192m |
| NC | 24 | $108m |
| UT | 7 | $103m |
| NH | 2 | $92.3m |
| LA | 4 | $89.3m |
| PA | 20 | $76.3m |
| OH | 21 | $74.9m |
| OK | 5 | $72.2m |
| WA | 26 | $70.7m |
| NV | 11 | $60.7m |
| MI | 8 | $56.5m |
| TN | 10 | $51.7m |
| WI | 2 | $51.3m |
| DC | 6 | $50.8m |
| DE | 30 | $49.1m |